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Average Salary for Xcel Energy, Inc. Employees

Based in Minneapolis, Minn.,electric and other services combined player Xcel Energy, Inc. offers many employment opportunities, including Electrical Engineer and Staff Engineer positions. An average Xcel Energy, Inc. employee can expect to make $75K annually. Xcel Energy, Inc. paychecks are largely negotiated based on where you live, though how long you've been working and your job title are also considered. The data in this summary comes from the PayScale salary survey.

Locations

When it comes to location, the highest average paycheck ($130K per year) can be spotted in Monticello, Minn.; Red Wing, Minn. (approximately $104K), Eau Claire, Wisc. (about $101K), and Amarillo, Texas ($82K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Hobbs, N.M. — at around $58K, salaries are some of the lowest in the country. Across its U.S. offices, the state of Wisconsin pays Xcel Energy, Inc. the most — $96K annually on average.

Years of Experience

Average pay is $76K per year for those with five to nine years of experience. Broken down by tenure, the largest share of Xcel Energy, Inc. employees (33 percent) have one to four years of experience and earn approximately $64K annually on average.

Jobs

Nuclear Engineers rake in the most money, with average earnings of about $90K per year; Safety Consultants come in second with average earnings amounting to $72K, while Staff Engineers and Electrical Engineers rank near the top as well ($72K and around $71K, respectively). Earning only $50K on average, Accounting Analysts make less than most people in the company.

Certifications and Degrees

Professional Engineer License Holders receive bigger paychecks ($105K annually) than those without credentials. Acquiring certification to be a Project Management Professional is rewarded with median pay of $90K per year. It pays to have a Bachelor of Engineering in Bachelor of Engineering (BEng / BE) at Xcel Energy, Inc. — these employees make the most at about $96K annually.

Skills

When it comes to skills, Operations Management seems to bolster pay the most; employees who claim proficiency also enjoy a median income of approximately $102K per year. One of the more prevalent skills at Xcel Energy, Inc. is Project Management, with close to one-fourth considering it a key competency. Employees also tend to round out their skills sets with Microsoft Excel, Engineering Design, and Financial Analysis.

Benefits and Perks

With an eye toward the future, Xcel Energy, Inc. offers several choices in retirement planning such as a 401(k) plan and a company pension plan. Perks cover health insurance for most employees and dental coverage for a solid majority of employees. The list of perks also includes a company cell phone, tuition reimbursement, life insurance, and a casual working environment.